Brazil: Export corn awaits 2023

Published 2022년 10월 6일

Tridge summary

Brazilian corn premiums have dropped as 2022 comes to an end, with the October premium dropping to $55 cents/bushel and the November premium rising to 80 cents/bushel. It is believed that the recent exports may be the last of the year. In Paraguay, Brazil continues to secure corn deals as the local market sees price increases. Meanwhile, US census data shows a 28% decrease in corn exports in August compared to July, and a 4% decrease compared to the same period in 2021.

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Original content

Brazilian corn premiums dropped this Wednesday, with 2022 ending and waiting for 2023, according to information released by TF Agroecoómica. “In the ports of Santos-SP and Tubarão-ES, the October premium dropped to $55 cents/bushel, without a buyer; November rose to 80, without a buyer, December also dropped to 89”, comments the consultancy. “There was some movement for exports this Wednesday, but they seem to have been the last of the year, according to two important buying Tradings. The deals made were for November and we were told that 'the deals for 2022 are practically closed, we are waiting for buy signals for January onwards'”, he adds. Regarding Paraguayan corn, Brazil continues to obtain some deals. “A day marked by some movements in the local market, with prices gaining ground and allowing almost all buyers active in the FAS to improve their indications and do business. The Brazilian market improved its indicators a little, getting some deals and maintained its ...

Source: Agrolink